Market Size of Stretcher Chairs Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Stretcher Chairs Market Analysis
The stretcher chairs market studied was projected to grow with a CAGR of nearly 4.3% over the forecast period.
COVID-19 had a significant impact on the growth of the market during the pandemic period. There was increasing demand for stretcher chairs or wheelchairs during the pandemic due to the supply chain shortage, which paved the way for developing innovative products. According to the article published in NCBI in September 2020, the dual-purpose wheelchair was designed, simulated, and animated with computer-aided design software. The ease of handling, engaging, and disengaging the wheelchair from chair mode to bed mode, coupled with comfortability and stability, has made it an excellent alternative to a hospital bed in an isolation center for COVID-19 patients. Thus, COVID-19 led to the development of innovative products, thereby contributing to the market's growth during the pandemic period.
The primary factor contributing to the market growth is the increase in the incidence of trauma and the increasing number of accidents. An article published by the Global Burden of Disease in August 2021 reported that globally, there were 178 million new fractures, 455 million prevalent cases of acute or long-term symptoms of a fracture, and 258 million years lived with disability (YLDs).
Similarly, an article published by the Ohio State University in 2021 reported that 6 million people in the United States broke a bone each year. Also, hip fractures become the most common broken bone in those over age 75. Fractures account for 16% of all musculoskeletal injuries in the United States annually. More than 40% of fractures occur at home. Therefore, the increasing incidence of bone fractures in the aging population, mainly hip fractures, requires assistance for routine activities. This is expected to boost the requirement for stretcher chairs for patients at home and in hospitals. As the number of patients increases, the demand for stretcher chairs will likely propel over the forecast period. However, the high cost of powered stretcher chairs is expected to restrain the market's growth over the forecast period.
